ArcelorMittal (AMS:MT) Given a €14.00 Price Target by Deutsche Bank Analysts

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Deutsche Bank set a €14.00 ($15.73) price objective on ArcelorMittal (AMS:MT) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Morgan Stanley set a €13.50 ($15.17) target price on ArcelorMittal and gave the company a buy rating in a research note on Monday, May 18th. Credit Suisse Group set a €21.00 ($23.60) target price on ArcelorMittal and gave the company a buy rating in a research note on Tuesday, May 19th. UBS Group set a €12.00 ($13.48) target price on ArcelorMittal and gave the company a buy rating in a research note on Wednesday, May 13th. Kepler Capital Markets set a €10.00 ($11.24) target price on ArcelorMittal and gave the company a neutral rating in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. set a €8.50 ($9.55) price objective on ArcelorMittal and gave the company a neutral rating in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of €14.61 ($16.42).

ArcelorMittal has a one year low of €17.72 ($19.91) and a one year high of €30.76 ($34.56).

ArcelorMittal Company Profile

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.

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Analyst Recommendations for ArcelorMittal (AMS:MT)

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